This round follows a round from 2022 that totaled $1.3 million, and brings the Contoro Robotics’ total funding to date to $6 million.
Industrial robot market to grow 5-7% out to 2027
Interact Analysis predicts this long-term growth will be mostly driven by demand from the electric vehicle (EV) manufacturing industry.
Realtime Robotics brings in another $9.5M for RapidPlan
Realtime Robotics has brought in $9.5 million in funding to meet increased demand for its RapidPlan technology.
Report: EU to investigate Amazon’s pending iRobot acquisition
The EU seems to be ready to open a full-scale anti-trust investigation into the Amazon acquisition of iRobot, according to reporting from Reuters.
Tesla acquiring wireless charging developer Wiferion
Tesla has plans to acquire Wiferion, a source who wished to remain anonymous told The Robot Report.
SoftBank makes offer to acquire Balyo shares
SoftBank Group has entered into an agreement to acquire a 41.8% stake in Balyo for €11.8 million, around $12.9 million.
Fernride raises $31M for autonomous yard trucks
Fernride will use the funding to scale its operations with new and existing customers globally and boost its technological development.
Tertill, maker of home weeding robot, merges with Harvest Automation
Tertill and Harvest Automation have close ties. And the hope is for the new company to be a major player in the automation of food production.
Space robotics company GITAI brings in over $28M
GITAI plans to use the latest funding to expand its business and technology development in the United States.
Robotics investments top $1.63B in April 2023
U.S.-based robotics companies landed the most rounds (17) and funding ($514M) in April 2023.
Figure raises $70M to commercialize humanoids
Figure will use the funding to develop its Figure 01 humanoid, build out its AI data pipeline for autonomous operations and drive towards commercialization.
e-con Systems brings in $13M for embedded vision systems
e-con Systems, a US-based provider of embedded vision systems, has brought in $13 million in funding from GR 2022 Holdings.
XTEND acquires drone inspection company Performance Rotors
XTEND, the developer an operating system that helps users that have no flight experience operate drones, has acquired Performance Rotors.
Moon Surgical raises $55.4M to support surgical robot platform
Moon Surgical announced today that it raised $55.4 million and appointed a surgical robotics veteran as the chair of its board.
Anybotics raises $50M to expand international deployments, develop new capabilities
Anybotics announces $50 million Series B funding round to scale deployments, develop new capabilities, and strengthen competitive position.
Ocado acquiring 6 River Systems from Shopify
Ocado Group is acquiring autonomous mobile robot maker 6 River Systems from Shopify for an undisclosed amount.
Symbotic ends Q2 with $266.9M in revenue
Symbotic brought in $266.9 million in revenue in Q2 of 2023, with a net loss of $55.4 million and an adjusted EBITDA loss of $11.2 million.
Vorwerk Group closing robot vacuum maker Neato Robotics
The Vorwek Group announced in a press release late last week that it will be shutting down Neato Robotics, a robotic vacuum manufacturer.
March 2023 robotics investments total $526M
47 robotics investments in the month of March accounted for a total of $526M.
Veo Robotics closes $29M funding round
The round includes the Veo Robotics’ latest funding from the Amazon Industrial Innovation Fund, Safar Partners and Yamaha Motor Ventures.
Robust.AI brings in $20M to scale robot deliveries
Robust AI offers an autonomous warehouse cart that pairs with its autonomous mobile robot (AMR) software suite.
Groundlight raises $10M for natural language powered computer vision
Groundlight’s $10 million funding round included participation from Madrone, Greycroft Partners and Founders Co-op.